Panic selling gripped global markets on Monday, as US President Donald Trump refused to budge on his swingeing tariffs despite China retaliating and global recession warnings growing louder.
hongkongfp.com
Market panic deepens as China retaliates against Trump tariffs
swingeing
/ˈswɪn(d)ʒɪŋ/
adjective
British
- severe or extreme in size, amount, or effect."swingeing cuts in public expenditure"
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